Wave Of Subprime Suits Worries Finance Sector

Law360, New York (October 13, 2008, 12:00 AM EDT) -- Financial services and insurance companies are bracing themselves for a wave of litigation related to the subprime mortgage crisis, but they appear to have weathered the storm over options backdating, according to a survey to be released on Tuesday.

As part of its fifth annual litigation trends survey, Fulbright & Jaworski LLP polled 358 in-house counsel in the United States and the United Kingdom on the state of global litigation. The firm found that 12 percent of insurance sector respondents, 11 percent of financial services sector...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.